A[Overview of U.S. stock market pre-market news: U.S. August PCE will be released tonight; the market waits with bated breath for Micron’s financial report; OpenAI postpones the release of GPT-6.1 Astra] On September 30, the financial news of the U.S. stock market that investors need to focus on is as follows:
1. Futures on the three major U.S. stock indexes fell slightly. Dow Jones futures fell 0.03%, S&P 500 futures fell 0.00%, and Nasdaq 100 futures fell 0.17%.
2. International oil prices are rising collectively. WTI crude oil futures prices rose 1.43% to US$90.658/barrel; Brent crude oil futures prices rose 1.64% to US$97.737/barrel.
3. International gold and silver spot prices were mixed. Spot gold prices rose 0.17% to US$4,188.99 per ounce; spot silver prices fell by 1.32% to US$60.64 per ounce.
4. The three major European stock indexes fell across the board. Britain's FTSE 100 index fell 0.05%, France's CAC40 index fell 0.56%, and Germany's DAX30 index fell 0.36%.
5. The U.S. personal consumption expenditures (PCE) report for August will be released at 20:30 Beijing time tonight. The market currently estimates that (core) PCE will increase by 0.3% month-on-month, PCE will increase by 3.7% year-on-year, and core PCE will increase by 3.3% year-on-year.
6. It is reported that Apple plans to vigorously enter the smart home market on October 13, and will launch the Home Hub and updated versions of Apple TV and HomePod mini.
7. Micron Technology will disclose its latest financial report after the market closes on Wednesday. Based on options pricing on Monday, Micron Technology shares are expected to move as much as 7% before the end of the week. Micron's previous guidance for the fourth fiscal quarter was revenue of US$50 billion and Non-GAAP earnings per share of US$31.
8. The American BlueQubit research team used IBM's latest Nighthawk r2 quantum processor to complete a random quantum circuit sampling experiment, generating 1 million samples in just 19 seconds.
9. TSMC is evaluating potential investments in Texas to expand its chip production capacity in the United States. The potential investment would be in addition to the $265 billion TSMC has already committed to Arizona.
10. OpenAI decided to postpone the release of GPT-6.1 Astra originally scheduled for October, which once again highlights the competitive cost of artificial intelligence security.
11. SK Hynix has expanded the outsourcing scale of storage semiconductor flip-chip packaging and increased the number of cooperative outsourcers. The products outsourced this time are DDR4 and DDR5 DRAM. B[Optical fiber concept fluctuated and pushed up, and special information raised the daily limit] On September 21, the optical fiber concept fluctuated and rose during the session, and special information reversed the daily limit. Previously, Huamai Technology had 2 boards in 4 days, Hengtong Optoelectronics, Huiyuan Communications, Shenyu Co., Ltd., Zhongtian Technology, and YOFC Optical Fiber followed suit. On the news, Huawei released a new computing architecture for the AI era - the Peerium computing architecture, which can turn a million-level processor into a computer to meet the evolving needs of AI computing power. China Galaxy Securities said that the construction of computing power network resonates with the demand for AI and comprehensively boosts the demand for optical fiber. B[Huawei releases new AI computing architecture to turn millions of processors into one computer] "Science and Technology Innovation Board Daily" reported on the 17th that Huawei released a new computing architecture in the AI era - Peerium computing architecture, which can turn millions of processors into one computer to meet the evolving needs of AI computing power. Peerium computing architecture is a computing architecture based on nested parallelism, unified memory addressing, and equal interconnection to achieve strong expansion of million-level processors. Peerium computing architecture breaks through the Turing paradigm, proposes Nested BSP, and breaks through the von Neumann single-machine architecture. Lingqu is the key interconnect technology to realize the Peerium computing architecture, which can infinitely expand the high-speed bus connecting CPU, NPU, memory, SSD, network card and switch. The Atlas 950 super node is the first generation product of Peerium's computing architecture. The 256,000-card Atlas 950 super node cluster is already being deployed, and the NPO-based Atlas 960 system is being tested. (Kechuangban Daily reporter Huang Xinyi) B[Two departments: Improving the level of artificial intelligence chip design] On September 15th, the Ministry of Industry and Information Technology and the National Development and Reform Commission issued the "15th Five-Year Plan for the Development of Electronic Information Manufacturing Industry". It mentioned that the design level of artificial intelligence chips should be improved and technological innovations such as tensor core data flow organization, mixed precision, dynamic sparse computing, and unified memory architecture should be strengthened. Focus on core performance indicators such as low latency, high throughput, and low power consumption, improve the comprehensive computing capabilities of general-purpose graphics processors (GPGPUs), application-specific integrated circuits (ASICs), SoCs and other processors, and lay out new routes such as soft-hard coupling inference chips. B[Two departments: Accelerate the development of electronic design automation tools (EDA) and intellectual property cores (IP cores) and promote technological breakthroughs and applications such as three-dimensional integration] On September 15, the Ministry of Industry and Information Technology and the National Development and Reform Commission issued the "Fifteenth Five-Year Plan for the Development of Electronic Information Manufacturing Industry", which mentioned that promoting research on the entire integrated circuit chain. Develop high-end chip products such as high-performance processors, high-density memories, high-reliability analog and digital-analog hybrid chips. Improve the level of integrated circuit manufacturing, refine and mature processes, and improve advanced process capabilities. Promote the development and application of advanced packaging and testing technology. Promote the quality and upgrading of the wide-bandgap semiconductor industry, and promote the industrial development of ultra-wide-bandgap semiconductors such as gallium oxide and diamond. Continue to improve the supply capacity of key equipment, materials and parts, accelerate the development of electronic design automation tools (EDA) and intellectual property core (IP core), and promote technological breakthroughs and applications such as three-dimensional integration. A[September 11 morning news selection]
1. The spokesperson of the Ministry of Foreign Affairs announced: At the invitation of Prime Minister Narendra Modi of the Republic of India, President Xi Jinping will go to New Delhi, India, from September 12 to 13 to attend the 18th BRICS Leaders’ Meeting.
2. Lu Lei, deputy governor of the People's Bank of China, said at the press conference on the theme of "Getting Started with the 15th Five-Year Plan" held by the State Council Information Office on September 10 that the "15th Five-Year Plan for Building a Financial Power" was officially launched recently. In order to implement relevant arrangements, the People's Bank of China formulated and issued the "People's Bank of China's "15th Five-Year Plan" Reform and Development Plan" and issued nine supporting action plans in related fields.
3. At the regular press conference held by the Ministry of Commerce on the 10th, Huang Ling, spokesperson of the Ministry of Commerce, said in response to relevant questions that the economic and trade teams of China and the United States have conscientiously implemented the consensus reached by the two heads of state in Beijing, and are negotiating on the framework arrangement for reciprocal tax reductions of US$30 billion, striving for early implementation.
4. The central bank issued an announcement that in order to better match the short-term liquidity needs of the banking system, the People's Bank of China will carry out overnight reverse repurchase operations from September 14 to September 17, using fixed interest rates and quantity bidding, and the daily operation volume will not exceed 600 billion yuan.
5. Li Chao, Vice Chairman of the China Securities Regulatory Commission, stated at a press conference of the State Council Information Office on the afternoon of the 10th that greater efforts should be made to release the vitality of mergers and acquisitions and restructuring reforms, and support the transformation and upgrading of listed companies, and make them better and stronger; more inclusive systems for issuance and listing, mergers and acquisitions and restructurings will be implemented, and efforts will be made to build the A-share market as the first choice for domestic high-quality companies to list; it will promote the steady increase in the scale and proportion of medium- and long-term funds entering the market, and vigorously develop equity public funds.
6. The National Development and Reform Commission and the State Administration for Market Regulation issued a notice on matters related to the cost accounting of low-price and disorderly competition for important industrial products, focusing on the production fields of important industrial products where the problem of low-price and disorderly competition is prominent, reminding and warning operators suspected of low-price and disorderly competition, and organizing cost investigations when necessary to calculate the relevant costs of operators.
7. The "Chongqing Action Plan to Cultivate and Develop Ci Yuan Economy (2026-2028) (Draft for Public Comments)" is publicly soliciting opinions. It mentioned that financial institutions are supported to explore new models such as "computing power banks" and "Ciyuan bonds + Ciyuan loans", and innovate the real estate investment trust fund model in the field of data infrastructure.
8. While the industry is in high prosperity, hidden concerns about energy storage capacity expansion are also accelerating. In response to market rumors that the approval of new energy storage battery projects may be tightened, we have recently verified with a number of battery companies that the news is true.
9. It is reported that Chinese AI chip manufacturers, including Cambrian, have significantly increased the prices of existing and new generation AI processors. In this regard, the company's wiring staff said that the company has not announced any news related to price increases.
10. I learned from Xinhu Group that Xinhu Group has recently formally submitted complaint materials to the Supreme People’s Court regarding the “10 billion mineral rights case” that has attracted widespread attention in the capital market.
11. Youcai Resources announced that the actual controller has been changed to the State-owned Assets Supervision and Administration Office of Jiangyin Municipal People’s Government, and the stock trading has resumed.
12. Yuanwanggu announced that it plans to acquire 100% equity of Guangtai Communications. The target company is mainly engaged in automated coupling equipment for optical communication devices and modules.
13. Suiyuan Technology was listed on the Science and Technology Innovation Board today, with an issue price of 142.18 yuan per share.
14. Zhuhai Guanyu stated on the interactive platform that the company currently supplies battery cells for this customer’s laptops and a variety of mobile phones, including folding machines.
15. It is reported that Chinese AI chip manufacturers, including Cambrian, have significantly increased the prices of existing and new generation AI processors. In this regard, the wiring staff of Cambrian Company said that the company has not released any news related to price increases.
16. The three major U.S. stock indexes collectively closed down, with the Dow Jones Industrial Average falling 0.6%, the Nasdaq Composite Index falling 0.65%, and the S&P 500 Index falling 0.58%. Storage sector and copper concept stocks fell; the Philadelphia Semiconductor Index fell more than 2%.
17. The U.S. PPI increased by 5.4% year-on-year in August, which was estimated to be 5.3% and the previous value was 4.7%. The month-on-month increase was 0.4%, compared with expectations of 0.4%.
18. The European Central Bank raised the deposit mechanism interest rate by 25 basis points to 2.50%, the main refinancing rate by 25 basis points to 2.65%, and the marginal lending rate by 25 basis points to 2.90%, in line with market expectations.
19. Yemen’s Houthi armed forces stated on the 10th that international ships passing through the Red Sea and the Bab el-Mandeb Strait are “not threatened” and are still safe.
20. The settlement price of international crude oil futures rose sharply. WTI crude oil futures closed at US$102.48 per barrel, an increase of 6.69%; Brent crude oil futures closed at US$107.63 per barrel, an increase of 6.34%. The national average diesel price in the United States has exceeded $6 per gallon for the first time.
21. The yield on long-term U.S. Treasury bonds continues to rise, with the 30-year Treasury yield rising to 5.34% during the session, a new high since June 2007. Freddie Mac said U.S. mortgage rates rose to 6.76%, the highest level since June 2025.
22. According to Iranian news on the 10th, Iran ordered the suspension of a 10% freight surcharge on foreign energy transport ships entering and exiting the country.
23. The US weather forecast agency stated that the probability of a very strong El Niño during the autumn and winter of 2026-27 in the northern hemisphere is over 90%.
24. Oracle’s adjusted revenue in the first fiscal quarter was US$19.35 billion, and the market forecast was US$19.13 billion. The company expects adjusted earnings per share for the fiscal year to be US$8.10; total revenue in the second fiscal quarter is expected to increase by 30% to 34%. B[Ministry of Industry and Information Technology: Promote the research and development of large-capacity and high-bandwidth optical communication equipment, focusing on the creation of ultra-large-capacity all-optical bearer products such as 1.6Tb/s optical transmission systems, 200G-PON optical access systems, hollow-core optical fiber cables] On September 7, the Ministry of Industry and Information Technology issued the "15th Five-Year Plan for the Development of the Information and Communications Industry". It is mentioned that speeding up research on 5G-A/6G equipment. Continue to promote 5G-A product research and development, focusing on 6G immersive communications, telecom fusion, synaesthesia fusion, NTN and other scenarios, carry out product research and development of core networks, base stations, chips and terminals, and promote core device and high-end instrumentation research. Promote the research and development of large-capacity and high-bandwidth optical communication equipment. Focus on building 1.6Tb/s optical transmission systems, 200G-PON optical access systems, hollow-core optical fiber cables and other ultra-large-capacity all-optical bearer products, and accelerate the research and development of 100G and above high-speed inter-satellite and satellite-to-ground optical communication equipment. Promote the upgrading of data communication equipment. Make breakthroughs in technologies such as high-performance network forwarding and switching, high-end network processors, deepen IPv6 protocol expansion and large-scale highly dynamic networking protocol technology research, and develop routers, switches, security equipment, and intelligent network management and control systems with AI capabilities. Combining technologies such as large network models and agents to improve IP network carrying efficiency and intelligent operation and maintenance. A[A16z, a well-known venture capital firm in Silicon Valley, establishes a US$1.1 billion fund to deploy chips, memory and robots] On August 30, a16z, a well-known venture capital firm, is placing a heavy bet on the hardware field and has raised US$1.1 billion for its first fund focused on hardware infrastructure. The fund, called "Machine Age", will focus on investing in artificial intelligence processors, memory chips, network equipment, data storage, robots and other fields.
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